The BCC states that whilst there are positive and encouraging decisions being made by the Coalition Government there a still a number of areas where urgent action needs to be taken before the end of the year.

The "ninety day plan", drafted before the May General Election, set 12 clear policy challenges for the Government in order to return the economy to good health:

Public Finances

Publish a credible plan to reduce the budget deficit and restore confidence

Freeze public sector wage bill and reform public pensions

Measures to promote stable access to finance for viable companies

Infrastructure

Avoid deep cuts to infrastructure projects that support business growth

David Frost, Director General of the British Chambers of Commerce, commented:

“This review shows real, balanced progress against nine of our twelve core objectives, so the Coalition’s overall progress after ninety days has been encouraging. Early action on deficit reduction and burdensome employment regulation has been strongly welcomed by business – and many of the measures in the Chancellor’s emergency Budget struck the right balance.

“However, business wants to see more progress in areas such as international trade and reform of the UK’s planning system. While the Prime Minister has led a trade mission to India, we have not yet seen the appointment of a dedicated trade minister, nor a focused strategy for a strong export economy. Many of the Coalition’s proposals on planning have also been disappointing, including the decision to abolish the Infrastructure Planning Commission.

“We challenge the Government to build on the good progress it has made over its first ninety days, and to look again at areas where it can do more to enable wealth-generating businesses to drive a lasting recovery.”

Editor’s Picks

Advertise with us

is4profit is a leading resource for the UK’s micro, small and medium-sized enterprises. To find out about our advertising rates and opportunities contact our sales manager Jonathan Seymour: jon.seymour@mvfglobal.com